Housing Assistance Management Enterprise is located in Salt Lake City, UT. The organization was established in 1993. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Assistance Management Enterprise is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Housing Assistance Management Enterprise generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DWELLINGS FOR LEASING TO LOW AND MODERATE INCOME PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DWELLINGS FOR LEASING TO LOW AND MODERATE INCOME PEOPLE AS DEFINED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Philip Bernal Board Member | Trustee | 1 | $0 |
Palmer Depaulis Commissioner | Trustee | 1 | $0 |
Brenda Koga Commissioner | Trustee | 1 | $0 |
William Davis Vice Chair | Trustee | 1 | $0 |
Fraser Nelson Commissioner | Trustee | 1 | $0 |
Mike Pazzi Chairman | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $653,740 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $653,740 |
Total Program Service Revenue | $1,847,436 |
Investment income | $447,535 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,948,711 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,003,606 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $118,860 |
Payroll taxes | $0 |
Fees for services: Management | $111,481 |
Fees for services: Legal | $16,568 |
Fees for services: Accounting | $5,880 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $4,901 |
Office expenses | $36,632 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $8,561 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $62,943 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $125,575 |
Insurance | $65,483 |
All other expenses | $34,495 |
Total functional expenses | $2,487,972 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,096,268 |
Savings and temporary cash investments | $751,716 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $59,781 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,153,811 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $16,453 |
Net Land, buildings, and equipment | $9,274,672 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,646,069 |
Total assets | $26,998,770 |
Accounts payable and accrued expenses | $127,590 |
Grants payable | $0 |
Deferred revenue | $57,482 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $5,209,627 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $269,072 |
Total liabilities | $5,663,771 |
Net assets without donor restrictions | $15,343,999 |
Net assets with donor restrictions | $5,991,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $26,998,770 |